Castlight Health (CSLT) Tops Q1 EPS by 4c

Castlight Health (NYSE: CSLT) reported Q1 EPS of ($0.01), $0.04 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $39 million versus the consensus estimate of $33.27 million.

"We delivered solid financial results and made progress in executing against our strategic plan in the first quarter. In the face of COVID-19, our team responded swiftly with innovative thinking and nimble execution to support our customers, users and the broader community. Given the economic downturn triggered by COVID-19, we took swift and proactive measures to reduce costs and protect our balance sheet. We believe the market's need for navigation will only accelerate, and we are uniquely well positioned to leverage our core technology to meet the needs of our customers as we return to a new normal," said Maeve O'Meara, chief executive officer at Castlight Health.

GUIDANCE:

Castlight Health sees FY2020 EPS of ($0.11)-($0.16), versus the consensus of ($0.13). Castlight Health sees FY2020 revenue of $127-135 million, versus the consensus of $132.5 million.

For earnings history and earnings-related data on Castlight Health (CSLT) click here.

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